Chinese antimony ingot prices remain firm
2023-04-24 11:50:28 [Print]
BEIJIING (Asian Metal) 24 Apr 23 - Supported by firm raw material prices and tight supply of antimony ingot in the spot market, Chinese antimony ingot 99.85%min suppliers keep their quotations firm at present, but consumers still have strong intention to wait on the sidelines owing to unclear trend for demand. Mainstream prices of Chinese antimony ingot 99.85%min stand at RMB82,000-83,000/t (USD11,877-12,019/t) EXW D/P currently, stable from late last week. In view of tight supply for raw material and suppliers' strong intention to keep their prices firm, insiders predict that mainstream prices of Chinese antimony ingot 99.85%min would stay steady in the coming week.
A producer in South China said, "We now quote RMB82,000/t (USD11,875/t) EXW D/P for antimony ingot 99.85%min and temporarily refuse to accept any lower prices, but with no deals concluded so far this week against the backdrop of inactive deals in the market. We last sold about 30t of the material at RMB81,000/t (USD11,730/t) two weeks ago." Given limited supply of raw material on the whole, they keep their monthly output for antimony ingot at around 150t now and their highest monthly output was still no more than 170t by now in 2023, but the monthly output could reach around 250t in the same period of last year. In addition, they didn't conclude any deals in the recent two weeks as their downstream consumers just took a wait-and-see attitude about any prices higher than RMB82,500/t (USD11,947/t) and intended to force down the purchasing prices against the backdrops of inactive deals and prevailing wait-and-see sentiments in the market. In spite of insufficient supply for raw material, the producer predicts that mainstream prices of Chinese antimony ingot 99.85%min would stabilize further in the coming week owing to weak demand in the market.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer produced about 2,000t of the material in 2022 and about 500t by now in 2023, expecting to produce about 150t this month, stable MOM. They hold no spot stocks for the time being, basically unchanged MOM.
Another producer in South China said, "We now refuse to accept any prices lower than RMB82,000/t (USD11,875/t) for antimony ingot 99.85%min, but with no deals concluded so far this week. We last sold about 30t of the material at RMB81,500/t (USD11,802/t) for about 30t of the material in early April." The producer, who didn't sell antimony ingot 99.85%min by now this week, further disclosed that they hold no spot stocks for the material at the moment against the backdrop of limited supply of raw material overall, but their consumers have strong wait-and-see sentiments. Despite inadequate supply, the producer forecasts that mainstream prices of Chinese antimony ingot 99.85%min would temporarily witness no fluctuation in the coming week owing to inactive demand in the terminal market.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer produced about 2,500t of the material in 2022, but had no output by now in 2023. They expect to produce about 300t of the material in May 2023, but with no output in April 2023. They hold no spot stocks at the moment, basically stable MOM.
A producer in South China said, "We now quote RMB82,000/t (USD11,875/t) EXW D/P for antimony ingot 99.85%min and temporarily refuse to accept any lower prices, but with no deals concluded so far this week against the backdrop of inactive deals in the market. We last sold about 30t of the material at RMB81,000/t (USD11,730/t) two weeks ago." Given limited supply of raw material on the whole, they keep their monthly output for antimony ingot at around 150t now and their highest monthly output was still no more than 170t by now in 2023, but the monthly output could reach around 250t in the same period of last year. In addition, they didn't conclude any deals in the recent two weeks as their downstream consumers just took a wait-and-see attitude about any prices higher than RMB82,500/t (USD11,947/t) and intended to force down the purchasing prices against the backdrops of inactive deals and prevailing wait-and-see sentiments in the market. In spite of insufficient supply for raw material, the producer predicts that mainstream prices of Chinese antimony ingot 99.85%min would stabilize further in the coming week owing to weak demand in the market.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer produced about 2,000t of the material in 2022 and about 500t by now in 2023, expecting to produce about 150t this month, stable MOM. They hold no spot stocks for the time being, basically unchanged MOM.
Another producer in South China said, "We now refuse to accept any prices lower than RMB82,000/t (USD11,875/t) for antimony ingot 99.85%min, but with no deals concluded so far this week. We last sold about 30t of the material at RMB81,500/t (USD11,802/t) for about 30t of the material in early April." The producer, who didn't sell antimony ingot 99.85%min by now this week, further disclosed that they hold no spot stocks for the material at the moment against the backdrop of limited supply of raw material overall, but their consumers have strong wait-and-see sentiments. Despite inadequate supply, the producer forecasts that mainstream prices of Chinese antimony ingot 99.85%min would temporarily witness no fluctuation in the coming week owing to inactive demand in the terminal market.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer produced about 2,500t of the material in 2022, but had no output by now in 2023. They expect to produce about 300t of the material in May 2023, but with no output in April 2023. They hold no spot stocks at the moment, basically stable MOM.
